Corus Entertainment Inc T.CJR.B

TD Investment Update

[nevertrumper]

 We remain strongly of the view that CJR.B shares are heavily undervalued and we maintain our ACTION LIST BUY rating. Please refer to our recent detailed report (LINK) on the massive disconnect between relatively stable results and a plummeting EV/EBITDA valuation in recent years. We believe that our target multiple of 5.75x EBITDA could be conservative (well below most comps shown in Exhibit 4, and significantly below the 9-10x multiple that Corus traded at prior to the Let's Talk TV CRTC rules in 2015), but we will hold off on reviewing it until we see some signs of improved momentum for the stock.

[Puma1back]

Thx for the TD update - RBC sits with an $8 target. last Comments are most interesting imo- they say they are holding back until the momentum shifts. Regardless of the fundamentals, the selling pressure just isn't abating yet ---- BUT -------todays low was higher than yesterday's- so that is good. 

[nevertrumper]

We will hold off on reviewing it until we see some signs of improved momentum for the stock. Sounds like a prelude to a downgrade.

[JJMA]

 Your comment is clearly out of context. This is what the analyst actually  wrote: "We remain strongly of the view that CJR.B shares are heavily undervalued and we maintain our ACTION LIST BUY rating. Please refer to our recent detailed report (LINK) on the massive disconnect between relatively stable results and a plummeting EV/EBITDA valuation in recent years. We believe that our

[Puma1back]

That comment by TD was not a prelude to a downgrade imo. As pointed out with the context of the story they are still really positive, but there is no point issuing updated comments into a market for the stock that is not trading on the fundamentals at this moment. going to the trading, today we again had a higher low, closed almost at the high of the day and over 500k shares traded market order